Money Talks – October 28, 2017

This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Principal Jennifer Thomas, CFP,®, and Managing Associate K.C. Smith, CFP®, to discuss sector performance for the week, the quarter and the year, and market valuations, and how they relate to the fundamentals of the economy. K.C. brings a discussion on the importance of disability insurance for families with an emphasis on those who are self-employed. The experts round out the show answering a variety of listener questions, including some on Jones Lang LaSalle, publicly traded companies run by women, Medicare part C, and more.

Market Roundup: Indices Eke Out Slight Gains for the Week

Indices closed in red territory on Monday as Technology brands sold off, dragging the Dow Jones Industrial Average down. The broader S&P 500 Index saw weakness in Energy and Telecommunications as well. The Dow rose to a new record close on Tuesday, with action dominated by corporate earnings. The S&P and NASDAQ shook off early choppiness and spent the trading session in positive territory. However, by the closing bell, both indices shed a portion of their daily highs, yet still closed with gains. Indices closed down on Wednesday. Many investors likely took advantage of elevated valuations, selling and recognizing profits. The day was also plagued with a string of disappointing earnings, creating one of the worst days for the market in several months. On Thursday, the Dow and S&P 500 Index traded into positive territory while the NASDAQ shed some points. In economic reports, initial jobless claims jumped up last week, as the Department of Labor reported new claims increased by 10,000 to 233,000, which was shy of an expected uptick to 235,000. Indices closed with gains on Friday, with Technology stocks among the leading advancers in the wake of favorable earnings details. Finally, consumer confidence ticked up in October as The University of Michigan’s index hit 100.7, up 5.6 points from a September reading, marking its highest level since January 2004.

Money Talks – October 21, 2017

This week on “Money Talks,” Research Analysts Nick Antonucci, CVA, and Jacob Keen are joined by Tax Manager Dan DiLuzio, C.P.A. They discuss the Consumer Price Index and Consumer Sentiment Survey from last week, Industrial Production, the Fed’s Beige Book, and Atlanta’s possibility of being chosen for Amazon’s second headquarters. Dan shares with the group how victims of disasters can claim a casualty loss on their tax returns. The experts also answer listeners’ questions on drug maker Teva Pharmaceuticals; banking and investment stocks Voya Financial, Legg Mason, and OneMain Holdings; technology giant IBM, and tax deductions for spousal support.

Market Roundup: Record Setting Week With Dow Closing Above 23,000

The major indices closed Monday’s trading session at new record heights. The optimism was led by Technology, Financial, and Energy sector stocks. The climb continued the next day as both the Dow Jones Industrial Average and S&P 500 index closed at new record levels. Several Healthcare sector stocks posted gains following the release of quarterly results, which boosted other stocks in the sector up on the news. In economic news, industrial production ramped up at a faster-than-expected rate in September. Federal Reserve figures show production increased by 0.3% last month to 104.6, versus an expected upswing of 0.2%, and up from a decline of 0.7% in August. Record levels were reached again on Wednesday with the Dow closing above 23,000 for the first time on a variety of economic news. The Federal Reserve’s Beige Book report, which covered activity in September through early October, showed modest or moderate expansion in all 12 districts. Thursday’s activity started weak, but ended nearly flat. In the weekly jobless claims report, initial claims for unemployment insurance continued to decline, falling 22,000 to 222,000 for the week ending October 14. Indices ended trading at new record levels on Friday, with the Dow and S&P 500 having posted six straight weeks of gains.

Money Talks – October 14, 2017

This week on “Money Talks,” Troy Harmon, CFA, CVA, is joined by Managing Associate K.C. Smith, CFP®, and Senior Associate Jarrett McKenzie, CFP®, CWS®, to discuss the market’s mostly flat results for the week, sector performance and what the indices look like year to date. They also touch on the kickoff of earnings season. Jarrett and K.C. share some of the issues investors may run into when one spouse retires and the other spouse continues to work. The experts round out the show addressing listeners’ questions on whether investors should wait until January to take capital gains, investing in retailers like Wal-Mart and Target for the holiday season and the dip in Coach stock once the company unveiled its plans to rebrand as Tapestry.